Market traders will get pay-out

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LANCASTER Market traders will receive compensation after councillors agreed to press ahead with talks which could lead to the market’s closure.

At a meeting on Thursday night, politicians agreed to proceed with plans pay off stallholders at the Marketgate site and to continue negotiations with owners Allied to pay up to £20m to buy themselves out of a 99-year lease.

A report published in April had suggested Lancaster City Council might have opted to overturn a decision made last November to compensate the traders and shut the market, which is losing up to £643,000 a year.

THE council has asked The Visitor to point out that the recommendations agreed at Thursday’s meeting were made prior to the publication of our article on the market in last week’s edition.